You guys, I added a tradeline and reduced my overall utilization rate to about 13% but still got denied for a Personal Loan with SoFi, Lending Club, AMEX & Citi. I have two credit cards with about 60% utilization rate each, could that be the reason they deny me?
Guys before I apply for a personal loan to pay off my credit card debt, should I choose the option of “credit card payoff” or “major purchase” or “home improvement”? And does it matter if I choose 36month or 60month? My FICO is about 690-700